UK OFSI introduces new presumption of denial for licensing sanctioned Iranian banks

24 September 2026

UK OFSI introduces new presumption of denial for licensing sanctioned Iranian banksSvet foto/Shutterstock.com

In guidance issued on 23 September 2026, the UK Office of Financial Sanctions Implementation (OFSI) said it will introduce a presumption of denial for sanctions licence applications from 5 sanctioned Iranian banks with immediate...

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Maya Lester KC

Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. She is the…

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